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California HSR - "Unfavorable" New York Times
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[QUOTE]Originally posted by Gilbert B Norman: [QB] In an Opinion piece appearing in Today's Wall Street Journal, two observers, Wendell Cox and Joseph Vranich, neither of whom are known for their pro-passenger rail positions, contend that the High Speed Rail Authority is using "funny numbers' to justify the need for the project: http://online.wsj.com/article/SB10001424052970203513604577144351390445434.html Brief passage: [i][list] [*]A few days ago, the California High Speed Rail Peer Review Group, an expert body mandated by state law, expressed serious doubts about the proposed Los Angeles-San Francisco rail system. It concluded that it "cannot at this time recommend that the legislature approve the appropriation of bond proceeds" because the project "represents an immense financial risk" to the state. But hell hath no fury like a state agency scorned. The California High-Speed Rail Authority issued a quarrelsome response claiming that the rail system is, well, a bargain! The agency repeated its claim that without high-speed rail, Californians would pay more because the state would have to build equivalent transportation capacity through road and airport expansions costing about $171 billion, or between $53 billion and $73 billion more than the $98 billion to $118 billion estimated cost of a rail line. The constant refrain that it's "more expensive not to build the rail line" is specious. But it deserves further explanation because of the light it sheds on tricks used to justify other ill-conceived projects to an unsuspecting public[/i] [/list] Funny, how I recall that during the mid 70's, Mr. Vranich was a mid-level employee within Amtrak's Public Affairs department. Mr. Cox's career has been with "think tanks" not exactly known for their seeing much need for passenger rail. [/QB][/QUOTE]
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